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20121116
20121116
Search Results 0 to 11 of about 12 (some duplicates have been removed)
boehner is even interested in? >> i think it is probably something that he might consider. this is how negotiations work. congressional "fight club." they stake out their positions and sort of move closer together as they come together and actually meet and discuss this. there are couple options what they can do on the table. president signaled perhaps it doesn't have to be all about getting rates to clinton era levels. perhaps getting revenue from other places. i think that would be healthier, broader tax reform kind of deal made. i'm not sure whether they're all savvy enough to make that deal. i mean. martha: seems to me that is the major issue here. that is what john boehner was hinting at. he is suggesting that if you remove some of the loopholes that is a tax increase on the wealthy in this country. i feel like that is a message that has gotten across in perhaps a clear enough way. if you do same thing for u.s. corporations and roof move tax loopholes and don't end up in a situation where ge doesn't pay anything and small business pays through the nose. why isn't that kind of refo
by significant spending cuts. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as the fiscal cliff. while democrats often balling at any mention of entitlement reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. >> reporter: leader pelosi said there appeared to be interest in a big deal, about four trillion dollars worth of deficit redictions along the lines of the grand bargain that fell apart wean the president and speaker boehner last year, anthony. >> mason: nancy, there are just 46 days until the new year. what can they really hope to accom
the house speaker john boehner, the president, you can see him sitting there. let's listen to the president. thank them for their time and i think we're all aware that we have some urgent business to do. we have to make sure that taxes don't go up on middle class families and that our economy remains strong and creating jobs and that's an agenda that democrats and republicans and independents, people all across the country share. our challenge is to make sure that we are able to cooperate together, work together, find some common ground, make some tough compromises and build some consensus to do the people's business and what folks are looking for and i think all of us agree on this is they want to see that we are focused on them and not focused on our politics. my hope is this is a fruitful process where we will come to agreement that will reduce our deficit in a balanced way. i want to thank the leadership for coming and with that wool get to work. thank you very much, everybody. wait, wait, excuse me, there is actually one other point that i wanted to make. that is that my understanding
standing next to john boehner? >> and mitch mcconnell -- >> and mitch mcconnell by the way. right. >> the president is in a different position now. re-elected by a pretty impressive margin than he was the last time he tried to forge a deal that collapsed. >> right. that was the debt ceiling. he had a real problem with that with the grand bargain. he also had after the 2010 midterms when he had a lame duck session of congress and he had to give on keeping the tax cuts for the wealthy. this is a president right now who believes he's got some leverage. he got re-elected. and these are republicans who are trying to figure out just who they are andy ds sun the president's press conference earlier this week, he's somebody who studied the flaws of a e d i make some progress without overreaching. it's very clear they're worried at the white house about doing some overreach here. if he can get a fiscal deal done, that will be very, very important for his legacy in the long-term. and he knows it. >> are the republicans operating from the same game plan? >> no. i think they're not. i mean,
and the ongoing relationship with boehner and mcconnell because he's going to have to be a different kind of leader with them. he talked about it in the press conference a bit the other day. he needs to reach out to them the way he's reached out to people on staten island and dealt with the two governors, christie and cuomo, who are two pretty demanding guys as well. and based on their public and private comments have been very happy with the president's leadership and his government. >> i just wonder if it's fair to make a parallel when you look at the president's response to sandy which has had and continues to have just devastating effects on the economy for businesses and the reaction to the bp oil spill which seemed slow in coming because that was devastating as well to a different part of the country. >> he certainly was. he was very slow to respond to people in the gulf coast. >> in terms of appearances. >> i think things have changed, though, over the past couple years. and i suspect that, you know, even the president's closest allies will say that it was a very hard adjustment go
more in taxes. and house speaker john boehner said republicans are willing to offer higher tax revenue as part of a deal. >> to show our seriousness we've put revenue on the table, as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table, it's going to be incumbent for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. >> holman: on the democratic side, senate majority leader reid promised work will continue on a deal over the thanksgiving recess. he said, "we all know something has to be done." wall street took some hope from that white house meeting. the dow jones industrial average gained nearly 46 points to close at 12,588. the nasdaq rose 16 points to close at 2,853. but for the week, the dow and the nasdaq fell nearly 2%. also today, j.p. morgan chase and credit suisse agreed to pay $417 million in a federal civil settlement. they allegedly sold mortgage bonds they knew could fail before the 2008 financial crisis. it looks like twilight for twinkies. ho
and overspending problem and not an under taxing problem. we heard from speaker john boehner. he said that revenue is on the table. the issue here is that president obama has said he wants to increase tax rates on wealthy americans. the speaker and house republicans are still not on board with increasing tax rates, although perhaps closing some loopholes to raise some revenue, and even though there's a lot of kind of kumbaya going on here, suzanne, there's still a lot of tough work that needs to be done. they're still maybe punting on some of the important issues like tax reform and entitlement reform, but they'll be dealing with the fiscal cliff here in the near term. >> it's probably difficult to tell, but we see these pictures, and it's very common, right? you get about 30 seconds to see them all in a room together. they're patting each other on the back, smiling, and shaking hands, that kind of thick. do we have any sense of whether or not there were any different kind of tone or language when they were meeting behind closed doors that gives us a sense that maybe this is real? >> you know, i t
Search Results 0 to 11 of about 12 (some duplicates have been removed)

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